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September 24, 2015

24
Sep
2015

Agency Completes Work on 10 Out of 15 Audit Recommendations

Independent management consulting firm retained to help address two audit findings

ORLANDO, Fla., Sept. 25, 2015 – Florida Municipal Power Agency (FMPA) today provided the Florida Auditor General with a voluntary 180-day update on FMPA’s progress toward addressing the Auditor General’s 15 operational audit findings. To date, the Agency’s governing boards have taken action on two-thirds of the findings and expect to complete action on the remaining findings by the end of December 2015. This was the Agency’s third report to the Auditor General.

“Within days of the preliminary audit report being issued, our leadership took immediate action to begin addressing each of the findings and recommendations, and we have continued to take swift and thorough actions on additional findings and recommendations,” said FMPA General Manager and CEO Nicholas P. Guarriello. “We have taken these audit findings very seriously and have used this as an opportunity to find efficiencies and identify ways to enhance our service to members and Florida consumers.”

FMPA’s governing boards have completed work on 10 audit recommendations, most of which involved revising policies and procedures related to procurement, finances, operations and human resources.

In order to address two of the remaining findings, the Agency has retained an independent management consulting firm. Following a competitive selection process, the Agency recently signed a contract with Baker Tilly, which has a 40-year history of working with energy companies and utilities. They will present their draft report to the FMPA Executive Committee on Nov. 19.

To view FMPA’s audit response report, as well as additional information about the operational audit and FMPA’s response, visit the “Audit Facts” section of FMPA’s website.

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Florida Municipal Power Agency (FMPA) is a wholesale power company owned by 31 municipal electric utilities. FMPA provides economies of scale in power generation and related services to support community-owned electric utilities. The members of FMPA serve approximately two million Floridians.

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